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And new technologies, like generativeAI, are creating new opportunities for founders to stand out in the consumer space. Lighttricks – the suite of mobile apps for photo and video editing, and most recently generativeAI photo and video generation. Founded in 2019, the company raised $25M to date).
Less than half of the amount invested in consumer in 2019 (14.3%). However, entrepreneurs have never really stopped building new consumer experiences and technology (in particular GenerativeAI) is unlocking a new wave of innovation in consumer startups. So much so, that in fact, that only 7.1% New data suggests they are.
The first time I wrote about startup benchmarks was in 2019 and it became one of the most popular posts on VC Cafe. Net Revenue Retention (NRR) Definition: NRR measures the percentage of recurring revenue retained from existing customers over a given period, considering upgrades, downgrades, and churn.
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